Rapyd was chosen as Rakuten Viber’s first official payment provider to launch Viber Pay
Powered by Rapyd’s licensed financial services, the landmark partnership enables Rakuten Viber to facilitate safe and secure cross-border digital payments directly within the Viber app
LONDON, 29 July 2022 /PRNewswire/ — Rapyd, the leading global fintech platform, is partnering with Rakuten Viber, a worldwide leader in private and secure messaging and voice-based communications, to introduce in-app payment transactions to the Viber app and its millions of users. Rapyd will integrate its licensed financial technology offerings directly into the Viber app. By choosing Rapyd as its first official payment partner, Rakuten Viber will enter the global digital payments market with a worldwide user base of hundreds of millions of consumers and a strong reputation for security rooted in its on-by-default end-to-end encryption for private communication.
The landmark partnership enables Rakuten Viber to expand into digital payments. With functionality powered by Rapyd, Viber users will be able to store money in a mobile wallet with IBAN, available in the Viber app that allows them to send and receive money instantly and securely without fees. First, we open the service with euros, and Viber will later expand to include more currencies and additional services. Payments in Viber will initially begin in Greece and Germany and will roll out to more countries in the near future.
Over 70% of smartphone users globally – more than 180 million smartphone users – are expected to use peer-to-peer mobile payments by the year 2026[1]. As a result of this integration with Rapyd, Rakuten Viber is one of the first messaging platforms in the world to bring instant digital payment capabilities into its existing platform, allowing millions of its current users to conduct seamless digital personal and business transactions without ever leaving Viber- the app.
“The future of payments is integrated fintech, and this partnership demonstrates why we founded Rapyd in the first place: to democratize fintech for everyone,” says Arik Shiltman, CEO of Rapyd. “We are proud to provide the infrastructure and licensing for global companies like Rakuten Viber, one of the world’s most trusted and recognized messaging and communication platforms, to develop their own financial services without having to build their foundations from scratch. Through this partnership , Rakuten Viber can confidently enter the world of payments and become a leader in embedded finance, supported by Rapyd’s licensed end-to-end fintech offering.”
“Rakuten Viber’s entry into payments is important both for our development as a company and more for our hundreds of millions of users worldwide, as we help pave the way for the convergence of communication apps and digital payments. We knew that we would only choose to working with a premium payment service partner to make this development possible – and that is precisely why we are confident of working with Rapyd,” says Ofir Eyal, CEO of Rakuten Viber. “There was no question that our in-app payment offerings needed to include the world-class security and privacy that the Viber app is already known for. For this reason, we are thrilled to have Rapyd, a trusted leader building the future of global finance, to act as the licensed cross-border payment solution that enables us to bring safe and easy instant payment capabilities to Viber users across borders.”
About Rapyd
Rapyd unlocks global commerce, making complex international payments simple. From well-known Fortune 500s to ambitious neighborhood upstarts, our payments network and powerful fintech platform make it easy to pay suppliers and get paid by customers – locally or internationally.
With offices in London, Tel Aviv, San Francisco, Denver, Dubai, Miami, Singapore, Iceland and Hong Kong, we know what it takes to make cross-border trade as frictionless as being next door. We build it boldly – so you can grow your business.
Make the tools grow globally www.rapyd.net. Follow: Blog, Insta, LinkedIn, Twitter.
About Rakuten Viber
Rakuten Viber connects people. No matter who they are or where they come from. The global user base has access to a variety of features such as one-on-one chats, video calls, group messaging and updates and discussions with their favorite brands and celebrities. Viber ensures that our users have a safe and free environment to share their feelings. Rakuten Viber is part of Rakuten Group Inc., a world leader in e-commerce and financial services. It is the official instant messaging and calling app partner of the NBA’s Golden State Warriors.
[1]https://www.emarketer.com/content/us-mobile-peer-to-peer-payments-forecast-2022
SOURCE Rapyd
